Team (NYSE:TISI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Team, Inc. (NYSE:TISI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.99 and traded as high as $25.25. Team shares last traded at $24.75, with a volume of 13,633 shares trading hands.

Key Headlines Impacting Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: The relevant recent fundamental backdrop remains Team’s latest reported quarter, in which revenue exceeded estimates and the loss per share was substantially narrower than expected. However, that earnings report predates the articles provided and is not a new catalyst today.
• Neutral Sentiment: Several headlines contain the word “team” but concern unrelated companies or organizations, including Walmart’s restaurant-delivery partnership with Dunkin’, SoFi’s partnership with Payward/Kraken, sports broadcasting, artificial-intelligence products, and other corporate announcements. These stories should not affect Team, Inc.’s valuation. Walmart Teams With Dunkin’ to Expand Restaurant Delivery
• Neutral Sentiment: The Teamway International auditor-update headline refers to Teamway International Group Holdings, a separate Hong Kong-listed company, and has no apparent connection to Team, Inc. Teamway International Updates Auditor’s Name Following Firm Rebranding

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Team Stock Up 0.9%

The company has a market cap of $122.64 million, a P/E ratio of -2.84 and a beta of 1.14. The company has a 50 day moving average price of $19.14 and a 200-day moving average price of $17.08.

Team (NYSE:TISI) last issued its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.94) by $4.21. The company had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Insider Buying and Selling

In related news, Director Anthony Horton acquired 2,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was acquired at an average cost of $22.90 per share, for a total transaction of $45,800.00. Following the completion of the acquisition, the director directly owned 28,082 shares of the company’s stock, valued at approximately $643,077.80. The trade was a 7.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Clinton Roeder bought 9,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $22.89 per share, for a total transaction of $206,010.00. Following the acquisition, the chief financial officer owned 9,000 shares of the company’s stock, valued at $206,010. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 15,500 shares of company stock valued at $355,030. Company insiders own 8.80% of the company’s stock.

Institutional Trading of Team

Several institutional investors have recently modified their holdings of TISI. Dimensional Fund Advisors LP grew its holdings in Team by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after acquiring an additional 893 shares during the period. Barclays PLC boosted its position in shares of Team by 4.8% during the 4th quarter. Barclays PLC now owns 313,766 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 14,238 shares in the last quarter. DG Capital Management LLC acquired a new position in shares of Team in the 4th quarter worth approximately $913,000. Corre Partners Management LLC raised its holdings in shares of Team by 1.1% in the 4th quarter. Corre Partners Management LLC now owns 1,604,326 shares of the business services provider’s stock worth $22,669,000 after purchasing an additional 17,030 shares in the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Team in the 4th quarter worth approximately $168,000. Institutional investors and hedge funds own 46.57% of the company’s stock.

Team Company Profile

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.